German 40 Index
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DAX Shows Upward Reaction from Key Support Zone

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The DAX is feeling the effects of a "Black Monday" scenario early on. The blue trendline that began in August was broken on Friday, and now the longer-term trend that started in October 2023 is being tested. This trendline, along with the major support zone just below it, could act as a potential turning point before a deeper selloff.

If the 18,800–18,920 zone holds, this pullback might turn into a solid buying opportunity. However, there is a clear reason behind the panic selling, and that concern still remains. If fear escalates into full-blown panic and the 18,800–18,920 support zone is broken (not just a bear trap or a temporary downward spike), the rout is likely to continue through the rest of the week.
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Strong bounce from support.

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